Sr. Compensation Analyst - Chicago, IL or Le Mars, IA

Wells Enterprises; Chicago (IL); On-site; USD 71,000 - 112,000; Full time

Benefits offered by this job

Paid time off (PTO)

Annual incentive bonus based on company performance

Job summary

Wells Enterprises is seeking a Compensation Analyst in Chicago to administer and optimize compensation programs, ensure compliance with regulatory standards, and support local implementations of the global rewards strategy. The successful candidate will have at least 5 years of experience in compensation administration and a Bachelor's degree in a related field. The position offers a competitive salary ranging from $71,000 to $112,000 annually, along with additional benefits including an annual incentive bonus and paid time off.

Qualifications

• At least 5 years of experience in Compensation administration.
• Experience educating others on complex concepts; fluency with digital workplace platforms.
• Ability to read and analyze information; summarize and present data to leadership.

Responsibilities

• Administration of the Compensation plan locally and the Group reward programs.
• Monitor and analyze local market trends to drive rewards strategies.
• Ensure compliance with all relevant laws and practices.

Skills

Communication skills

Data analysis

Microsoft Excel

Understanding regulatory compliance

Experience in Compensation administration

Education

Bachelor’s degree in human resources or related field

Tools

Microsoft Office suite

Job description

Job Description

In alignment with Group Strategies, Policies, and Guidelines, the Compensation Analyst is responsible for administration, analysis, and optimization of Compensation Programs alongside cost control, reporting, and ensuring regulatory compliance. The role supports the P&O team in attracting and retaining talent to drive Ferrero’s global objectives across Wells. You will support the local implementation of our global Rewards strategy, ensuring compensation programs and tools are competitive and aligned to business priorities. You’ll provide clear, speedy business information, tools, communications support, and advice to local personnel in Rewards.

• Administration of the Compensation plan locally and the Group reward programs, including reporting and serving as a reference point for Group Rewards.
• Responsible, along with the Director, for deploying local compensation policies and ad hoc programs such as Sales Incentives, Short Term Incentives, Retention plans, etc., in alignment with Group Principles.
• Monitor and analyze local market trends and evaluate external competitiveness to drive local rewards strategies.
• Act as the local focal point for Reward-related topics (including systems), providing consultancy and expertise to Group/Local stakeholders and sharing best practices.
• Contribute to the Reward digitization process.
• Ensure compliance with all relevant laws and practices, including adherence to federal regulations.
• Conduct audits: evaluate jobs internally to ensure wage and salary rate recommendations follow federal, state, and local regulations (e.g., FLSA, DOL).
• Provide detailed analysis on internal and external equity and produce reports as requested by P&O leadership, P&O BP’s, or line managers.
• Supply data to support KPIs and the P&O Dashboard, and assist with data requested for negotiations.
• Support the implementation of the Group’s expat policy, serving as the local reference for expat-related technical topics.
• Handle compensation-related topics with external stakeholders and the payroll team.
• Provide tactical support for expat procedures.
• Assist Group and local projects within the area of responsibility to ensure consistent implementation.
• Contribute to process improvements and digitalization of compensation programs.
• Participate in cost management, including invoicing and purchase order processes (Ariba).
• Provide reports to audit salary review adherence and other compensation program adherence.

Qualifications

• Bachelor’s degree in human resources, human services, business administration, or related field.
• At least 5 years of experience in Compensation administration.
• Experience educating others on complex concepts; fluency with digital workplace platforms; comfort with data, KPIs, and dashboards.
• Proficient in Microsoft Office suite, with high-level utility of Excel and PowerPoint.
• Strong communication skills across functions.
• Ability to read, analyze, and interpret information; summarize and present data to leadership. Strength in understanding and implementing regulatory compliance actions.
• Reports to Manager of Compensation.

The base pay range for this position is $71,000 to $112,000 annually. Actual compensation will be determined based on location, experience, skills, qualifications, and other job-related factors permitted by law. This pay range represents the anticipated salary for this position at this time.

What We Offer

At Wells, we’re proud to support our employees with comprehensive benefits that enhance health, financial wellness, and include paid time off (PTO). Eligible employees may also receive an annual incentive bonus based on company performance.